Catie's Closet Inc (EIN 272531953) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

Anne-Marie Sousa

Phone

9789572200

Tax Period

2023-01-01 to 2023-12-31

Catie's Closet Inc, founded in 2010, is a community nonprofit in the Human Services sector that reported $8.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

Refer to Schedule O, Page 46Catie's Closet gives children in need life-changing access to clothing and basic necessities so they can thrive in school and in life.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,610,667

Program Service Revenue $0

Investment Income $10,592

Other Revenue $495,809

TOTAL REVENUE $8,117,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,049,464

Fundraising Expenses $424,290

Program Expenses $7,667,998

Other Expenses $7,419,799

TOTAL EXPENSES $8,469,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,117,068	$7,265,589	+0.1%
Expenses	$8,469,263	$6,877,118	+0.2%
Net Income	$-352,195	$388,471	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

385

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$231,727

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne-Marie Sousa	President	5.00	Officer Director	$0	$0	$0
Lynne Baril	Vice Chair	2.00	Officer Director	$0	$0	$0
Laura Bisson	Treasurer	2.00	Officer Director	$0	$0	$0
Rebecca Gilding	Secretary	2.00	Officer Director	$0	$0	$0
Katie Belanger	Director	2.00	Director	$0	$0	$0
Al Doyle	Director	2.00	Director	$0	$0	$0
Melissa Herman	Director	2.00	Director	$0	$0	$0
Jodie Payette	Director	2.00	Director	$0	$0	$0
Robin Seidman	Director	2.00	Director	$0	$0	$0
Mickey Cockrell	Chief Executive Officer	55.00	Key Emp	$102,600	$10,161	$112,761
Denise Trombly	Director of Operations	55.00	Key Emp	$100,223	$18,743	$118,966

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$8,117,068	$8,469,263	$8,105,380	$-352,195
2022	$7,265,589	$6,877,118	$5,324,360	$388,471
2021	$8,342,538	$7,808,406	$4,577,081	$534,132
2020	$8,012,918	$7,217,601	$4,107,107	$795,317
2019	$6,647,949	$5,897,470	$3,184,614	$750,479
2018	$4,363,616	$4,478,007	$2,409,353	$-114,391

Catie's Closet Inc